What ATM can I use and not get charged?

Navigating ATM Fees in Vietnam: Options for Fee-Free Withdrawals

When traveling or residing in Vietnam, accessing cash conveniently while avoiding exorbitant ATM fees is crucial. Here’s a detailed guide to help you identify ATMs and financial options that offer fee-free transactions:

Banks with Fee-Free Withdrawals:

• ACB (Asia Commercial Bank): ACB ATMs offer free withdrawals for both local and foreign cardholders.
• TP Bank (Tien Phong Bank): TP Bank ATMs provide fee-free services for withdrawals up to 20 million VND per day for local and foreign cardholders.
• HSBC: HSBC ATMs allow fee-free withdrawals for HSBC account holders.

Third-Party Options:

• Wise Card: The Wise card is an excellent alternative to traditional bank cards. It offers multi-currency support and allows for free ATM withdrawals of up to £200 or equivalent per month.

Other Options:

Some banks may reimburse ATM fees upon request. However, it’s essential to confirm with your bank’s customer service to determine the eligibility criteria and any applicable restrictions.

Tips for Minimizing ATM Fees:

• Plan ahead: Calculate your potential ATM usage and withdraw larger sums less frequently.
• Use ATMs within your own bank’s network: This often waives the fee charged by the ATM operator.
• Consider currency exchange rates: Check the exchange rate before withdrawing cash, as some ATMs may offer unfavorable rates.
• Be aware of hidden fees: Some ATMs may charge additional fees, such as a foreign transaction fee or a currency conversion fee.

By utilizing these options and following these tips, you can effectively manage your ATM transactions in Vietnam and avoid unnecessary fees. Remember to research your financial options thoroughly and select the one that best suits your individual needs.